A Debt Management Plan allows you to reduce the amount of money you owe, often resulting in just one monthly payment over an agreed length of time.

An IVA is an alternative to bankruptcy for an individual. An IVA allows a debtor to propose an affordable settlement structure to their creditors over a 5 to 6 year period, after which the debts are cleared.

A CVA is an alternative to bankruptcy for businesses. A CVA allows a company to propose an affordable settlement structure to their creditors over a 5 year period.The company continues to trade and the Directors remain in control.

Bankruptcy is one way of clearing significant debts which you cannot pay and allowing you to make a fresh financial start, within strict guidelines and restrictions. It is a serious matter which should not be entered into without professional advice

A debt relief order (DRO) is debt solution enabling you to write off your debts if you are unable to pay them. When in a debt relief order creditors cannot take action against you to get their money back and it will usually last for a year